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Intraday
BANKNIFTY LEVELS 13/02/2023BANKNIFTY LEVELS WITH LOGIC :
1) If banknifty opens below on recent low with 15 min candle we can expect downside movement upto 41300 level.
2) If price opens on a flat note and forms bullish candle we can expect upside movement upto 41790 level.
3) Maintain proper SL. Try to buy ITM options to avoid time decay.
BANKNIFTY LEVELS 10/02/2023BANKNIFTY LEVELS WITH LOGIC :
1) If price forms 5 mins bullish candle above 41590 level we can hold buy position till 41792 level.
2) if price retraces near 41590 level we can expect downside movement upto 41255.
3) Range boundness can be seen in between this levels 41255 - 41590.
RSI bearish Divergence / intradaybearish RSI Divergence
Both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayconsolidating in small range. wait for box breakout. both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayBoth side potential
take trade on box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
NIFTY - 15 min.As we saw yesterday, there was a symmetrical triangle in 5 min time frame. Today in the opening, the triangle breaks on the upside and we achieved the 1st target of 17870.
So for tomorrow our analysis we will go bullish if it breaks the level of 17900 i.e previous day's high (PDH) we can achieve the second target which will be the 17970 level.
On the other hand, we saw today's market was in range and breaks a trendline. If the level of 17850 breaks we will take an entry for the downside, in that case, our targets will be 17800 and 17760 respectively.
How to select the Right Time Frame for Day Trading (Intraday) ?The selection of right time frame for day trading (Intraday) is a very subjective question and is frequently asked by the novice traders. The selection of the time frame depends on many parameters. But according to my experience it depends on mainly two parameters.
1. Stoploss
2. Signal strength of your trading strategy.
The time frame from 1 minute to 1 hour is best for day trading. Let us discuss these parameters in detail.
1. Stoploss: Each time frame has a different stoploss level. The higher time frame has a deep stoploss level as compared to the lower time frame. So, we have to select the time frame according to the stoploss or we can say that the right time frame depends on the amount of money you afford to lose in one trade . Before entering into the trade, check the stoploss for different time frames and then choose the time frame according to the bearable amount of money to lose in one trade.
2. Signal strength of your trading strategy: Whatever strategy you choose to trade, the entry and exit signals are always strong on the higher time frame as compared to the lower time frame because the lower time frames has high volatility as compared to the higher time frames. It means the success rate is high on the higher time frames as compared to the lower time frames.
Both of these parameters are directly proportional to each other. So, the selection of the time frame for day trading must depend on both of these parameters. We have to select the time frame on which our signal strength is good and also the comfortable amount of money which we afford to lose in one trade.
Thanks
intradaytrade with very less quantity . you can use half of your 1 day risk.
short below green line . target 1614rs
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
intradayBoth side potential.
consolidating in small range
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Finnifty Intraday (15 min) Expiry TradeFor expiry trade in finnifty
Create ATM short straddle
Exit - One side of strategy (if range breakout in 5 candle)
Target - Exit trade manually at 3:15
Short position - >
Entry - 5 min candle close below 18300
Target 1 - 18250
Target 2 - 18200
Long positon - >
Entry - 5 min candle close above 18480
Sl - low of breakout 5 min candle
Target - 18550
Intraday Banknifty 15 minBanknifty today showed very good consolidation. Which makes it ready for directional move.
sell Position - >
Entry = 5 min candle close below 41300
Sl - 41400
Target - 41100
Buy position - >
Entry = 5 min candle close above 41550
Sl - low of 5 min breakout candle
Target - 41700
intraday / consolidating in a RangeBoth side potential
wait for 15 min candle closing outside of box
Targets:- for upside use pivot points indicator
for downside 374 will be the target
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books